HT Media eyes Rs 100 crore revenues from its internet business

HT Media (Hindustan Times) expects to earn Rs 100 crore in revenues from its internet business in around a year and a half. The company has invested around Rs 20 crore in the internet business so far, of a total planned investment of Rs 150 crore over the next three years.

HT Media (Hindustan Times) expects to earn Rs 100 crore in revenues from its internet business in around a year and a half. The company has invested around Rs 20 crore in the internet business so far, of a total planned investment of Rs 150 crore over the next three years.

HT Media owns HindustanTimes.com and LiveMint.com. The company has also set-up an internet subsidiary, Firefly e-Ventures. Firefly has acquired a social networking site Desimartini.com. It has also launched a job portal Shine.com. Now, Firefly plans to launch a real estate portal and a matrimony website in the first half of the next year (2009). [Source: MediaNama]